Private equity ends week on top in battle with Congress

SAN FRANCISCO (MarketWatch) -- In a week that pitted the world's largest buyout firms against legislators in the world's biggest economy, the private-equity industry came out on top. But the battle is likely to continue, experts said on Friday. See full story.

Market Snapshot: U.S. stocks sink on rates jitters, hedge-fund woes

NEW YORK (MarketWatch) -- U.S. stocks fell sharply in a volatile session Friday and posted steep weekly losses, amid concerns about rising interest rates around the world, along with hedge-fund trouble linked to subprime mortgages. See full story.

IPO Report: Blackstone's IPO finishes with 13% gain

NEW YORK (MarketWatch) -- Shares of Blackstone Group L.P. finished 13% higher than their offering price, signaling that the private-equity firm's highly anticipated initial public offering on the New York Stock Exchange was a success with investors. See full story.

Bear to lend up to $3.2 bln to troubled hedge fund it runs

SAN FRANCISCO (MarketWatch) -- Bear Stearns Cos. unveiled a rescue plan on Friday after a hedge fund it runs was hit hard by trading billions of dollars worth of mortgage derivatives this year. See full story.

House bill aims for higher tax rate on investment managers

WASHINGTON (MarketWatch) -- Investment fund managers would be subject to higher tax rates under a bill introduced Friday in the House that seeks to treat so-called "carried interest" as regular income. See full story.

Jon Friedman's Media Web: 'Cyberphobia' afflicts Time Inc. writers

What you should know about the jump in online background checks

CHICAGO (MarketWatch) -- It's the modern-day boy-meets-girl story: chatting online turns into chatting on the phone which turns into an in-person date over coffee. But before a relationship has time to blossom, some online daters are taking an extra step to make sure their possible soul mate isn't hiding anything -- including a felony conviction. See full story.

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